New vans to face lower vehicle taxes under Treasury proposals

Van drivers and companies buying a brand new low-emissions industrial vehicle at some point would possibly face lower vehicle tax charges, the Treasury has stated.

In his spring remark, Chancellor Philip Hammond stated the Treasury will release a session into diminished Vehicle Excise Duty (VED) charges for the “cleanest vans”.

• Company van tax defined

Hammond stated: “This Government is made up our minds that our technology will have to go away the herbal setting in a greater state than we discovered it, and strengthen the air we breathe.

“Following our a success intervention to incentivise blank taxis, we can lend a hand the good British white van driving force pass inexperienced with a session into diminished VED charges into the cleanest vans.”

• VED street tax: the whole lot you want to learn about the United Kingdom automotive tax adjustments

The information comes simply days sooner than new diesel vehicles will probably be hit with upper taxes. New diesel vehicles that fail to meet the newest Euro 6 emissions requirements under real-world trying out will transfer up a tax band from 1 April 2018 onwards. Announced within the 2017 Autumn finances, new diesel vehicles have to meet the Real Driving Emissions limits for nitrogen oxide to keep inside of their present tax bands.

The Treasury prior to now stated the brand new taxes will have an effect on two million new vehicles, however stated new diesel vans had been exempt from the tax hikes so as to give protection to the white van driving force.

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